Electric-vehicle maker Canoo agrees to incentive package with state of Oklahoma, Cherokee Nation - KOCO Oklahoma City

Canoo agrees to incentive package with Oklahoma, Cherokee Nation

THEIR FACILITY. YEAH. SO CANOO SAYS THAT THIS IS 500,000FT HERE AND THEY HAVE 120 ACRES. THEY CAN EXPAND ON. YOU CAN SEE JUST HOW BIG THIS PROPERTY IS HERE. NOW, THIS WAS THE TEREX PLANT AND NOW CANOO IS LOOKING TO RENOVATE IT AFTER MONTHS OF EXCITEMENT SURROUNDING CNU COMING TO OKLAHOMA CITY. NOW IT’S ONE STEP CLOSER. THE COMPANY PLANS TO EMPLOY MORE THAN 500 PEOPLE IN THE FIRST PHASE OF THEIR BUSINESS. EARLIER THIS MONTH, CANOO ANNOUNCED THEY SECURED THIS PROPERTY IN WEST OKLAHOMA CITY AND WOULD HAVE VEHICLE ASSEMBLY LINES. STATE OF THE ART ROBOTICS, A BODY SHOP, A PAINT SHOP AND MORE. CNU SAYS THIS LOCATION IN WEST OKC IS IDEAL FOR ITS QUOTE EASY PROXIMITY TO ROAD, RAIL AND WATERWAYS. NOW THEIR PLANS HAVE BEEN FILED WITH THE CITY OF OKLAHOMA CITY. WHO SENT US THESE PLANS FOR THE BUILDING. THE COMPANY HAS ALSO BEEN ISSUED A COMMERCIAL BUILDING PERMIT, MOVING THE PROCESS YET ANOTHER STEP FORWARD. NOW MORE WORK IS EXPECTED HERE AT THIS FACILITY LATER THIS YEAR. AND THIS IS THE SECOND CANOE PLANT THAT’S EXPECTED HERE IN OKLAHOMA. THIS ONE HERE IN OKC, AND

Electric-vehicle maker Canoo agrees to incentive package with state of Oklahoma, Cherokee Nation

A news release states that the agreements' estimated combined value is up to $113 million over 10 years

Updated: 10:46 AM CDT Aug 14, 2023

The electric-vehicle maker Canoo finalized agreements on workforce and economic development incentives from the state of Oklahoma and the Cherokee Nation for its two manufacturing plants.| RELATED VIDEO ABOVE | Canoo files for building permits in Oklahoma CityA news release states that the agreements' estimated combined value is up to $113 million over 10 years. The agreements also require Canoo to meet job creation and investment targets.The company plans on building vehicle assembly and battery module plants in Oklahoma City and Pryor, respectively. Canoo filed building permits in Oklahoma City in April as it plans to convert a massive property that once housed a Terex manufacturing center into its plant.Canoo officials said in April that there is more than 500,000 square feet of space plus 120 acres they can expand on.A news release states that Canoo will now invest more than $320 million in its Oklahoma City assembly facility and Pryor battery module manufacturing plant. The two facilities will create more than 1,360 jobs, according to the news release.Top Headlines Person dies after car strikes bicyclist on Logan County highway, OHP says Person taken to hospital after shooting in northwest Oklahoma City Person in critical condition after plane crashes into Oklahoma City highway Video: 16-year-old earns college degree before getting driver's license Sheriff's office deputies help veteran with yardwork following welfare check

OKLAHOMA CITY —

The electric-vehicle maker Canoo finalized agreements on workforce and economic development incentives from the state of Oklahoma and the Cherokee Nation for its two manufacturing plants.

| RELATED VIDEO ABOVE | Canoo files for building permits in Oklahoma City

A news release states that the agreements' estimated combined value is up to $113 million over 10 years. The agreements also require Canoo to meet job creation and investment targets.

The company plans on building vehicle assembly and battery module plants in Oklahoma City and Pryor, respectively. Canoo filed building permits in Oklahoma City in April as it plans to convert a massive property that once housed a Terex manufacturing center into its plant.

Canoo officials said in April that there is more than 500,000 square feet of space plus 120 acres they can expand on.

A news release states that Canoo will now invest more than $320 million in its Oklahoma City assembly facility and Pryor battery module manufacturing plant. The two facilities will create more than 1,360 jobs, according to the news release.

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